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National electronic health records implementation: a tale with a happy ending?

Aiming to improve healthcare efficiency and quality, countries around the globe, including Singapore, the UK, Japan and the US, are implementing nationwide electronic health records (EHRs). Recent...

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Taking messaging and data ingestion systems to the next level

The Data Exchange Podcast: Sijie Guo on how Apache Pulsar is able to handle both queuing and streaming, and both online and offline applications.Subscribe: iTunes, Android, Spotify, Stitcher, Google,...

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Random matrix models for datasets with fixed time horizons

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Probability weighting and default risk: a possible explanation for distressed...

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Pre-Election Drift in the Stock Market

There are many calendar / seasonal anomalies by which we can enhance our strategies to gain more return. One of the least frequent but still very interesting anomalies is for sure the Pre-Election...

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Financial literacy and student debt

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Key market values for bottled wine in an emerging market: product attributes...

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Divisia monetary aggregates and US GDP nowcasting

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The persistent institutional effect of liberal colonialism: evidence from...

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Inequality and the business cycle: evidence from U.S. survey data

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The Financialization of Chinese Commodity Markets

Publication date: Available online 22 January 2020Source: Finance Research LettersAuthor(s): Baochen Yang, Yingjian Pu, Yunpeng Su

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Is the cash flow sensitivity of cash asymmetric? African evidence

Publication date: Available online 23 January 2020Source: Finance Research LettersAuthor(s): Michael Machokoto, Geofry ArenekeAbstractWe examine whether the cash flow sensitivity of cash is asymmetric...

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Opening Statement: Inaugural Meeting of the Asset Management Advisory Committee

Dalia Blass Opening Statement: Inaugural Meeting of the Asset Management Advisory Committee

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Over $63 Million to Be Returned to Investors in Alleged Real Estate...

The Securities and Exchange Commission today announced that it has obtained a court order authorizing the distribution of over $63 million to investors in connection with a previously filed action.Â...

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Shorting in Speculative Markets

ABSTRACT In models of trading with heterogeneous beliefs following Harrison–Kreps, short‐selling is prohibited and agents face constant marginal costs‐of‐carry. The resale option guarantees...

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Can Unemployment Insurance Spur Entrepreneurial Activity? Evidence From France

ABSTRACT We evaluate the effect of downside insurance on self‐employment. We exploit a large scale reform of French unemployment benefits which insured unemployed workers starting businesses. The...

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Convexity Without Replication

We revise the standard analysis of constant maturity swaps, caps, and floors to account for dual forecast and discount curves. This reduces the pricing of these deals to evaluation of quadratic...

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Necessary and Sufficient Conditions for Existence and Uniqueness of Recursive...

ABSTRACT We obtain exact necessary and sufficient conditions for existence and uniqueness of solutions of a class of homothetic recursive utility models postulated by Epstein and Zin (1989). The...

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What Drives Anomaly Returns?

ABSTRACT We decompose the returns of five well‐known anomalies into cash flow and discount rate news. Common patterns emerge across the five factor portfolios and their mean‐variance efficient...

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The gig economy is taking a toll on UK workers’ mental health

The potential psychological effects of atypical and precarious employment arrangements are attracting increasing attention among academic and policy researchers. The UK economy is approaching ‘full...

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